Connect with us

Ripple

XRP Flips $1.25 Key Resistance Into Support, Here’s Why $1.50 is Inevitable Now

Published

on

XRP price continues to look for a breakout above $1.30 as the altcoin flipped a key on-chain resistance of $1.25 into support. This could help it retest the 3-month high of $1.35 soon as the altcoin builds bullish momentum along with the rest of the crypto market. XRP is on the verge of closing the fourth daily green candle as it breaks out of the downtrend.

XRP
Source: TradingView

Crypto analyst Credibull Crypto pointed towards the flipping claiming, $1.25 was the level he was watching out for. He pointed out that XRP has cleared the area of supply and retested the $1.25 support successfully. He also added that as long as Bitcoin ($BTC) doesn’t pull an erratic move, the altcoins’ move to $1.50 is inevitable.

XRP proponents believe the altcoin could easily post a new all-time high in the coming months and take everyone by surprise. The immediate resistance for XRP now lies at $1.30 post which it can see a massive upswing like many other altcoins at the moment.

Can XRP Pull a Solana ($SOL)?

Solana ($SOL) became the first altcoin to reach a new ATH after the May market crash and is currently in a price discovery mode. The altcoins broke past $100 mark just a couple of days ago and currently trading near $150 mark having nearly multiplied their value by 4X in the past month. XRP on the other hand is yet to retest its yearly high of $1.97 before it could set eyes on ATH of $3.87.

News Source